- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 0.43 | 219.44 | 0 | 45.91 | 10.63 | 22.17 | 11.01 | 168.13 | 174.59 | 8.73 | 210.09 | 1151.81 | 7.21 | 179.49 | 35950.0 | 0.80 | 215.94 | 0 | 0.66 | 320.0 | 500.0 | 0.07 | 40.0 | 40.0 | 23.13 | 61.3 | 6.84 | 42.26 | -25.06 | -19.07 | 125.71 | -40.14 | -92.61 | -25.71 | 75.51 | 98.39 | 25.57 | -21.4 | -24.68 |
| 24Q2 (19) | -0.36 | -400.0 | 76.47 | 41.50 | 16.44 | 34.04 | -16.16 | 14.81 | 70.93 | -7.93 | -225.28 | 85.71 | -9.07 | -367.55 | 82.13 | -0.69 | -400.0 | 77.45 | -0.30 | -203.45 | 84.21 | 0.05 | 25.0 | 25.0 | 14.34 | -54.76 | 149.06 | 56.39 | -4.46 | 3.54 | 210.00 | 170.0 | 110.0 | -105.00 | -125.79 | 0 | 32.53 | 0.99 | -17.42 |
| 24Q1 (18) | 0.12 | 110.81 | 180.0 | 35.64 | -26.74 | -28.49 | -18.97 | -0.05 | -2.82 | 6.33 | 118.87 | 143.48 | 3.39 | 112.15 | 163.01 | 0.23 | 110.27 | 176.67 | 0.29 | 122.14 | 422.22 | 0.04 | -20.0 | 0.0 | 31.70 | 331.89 | 139.06 | 59.02 | -2.24 | 14.25 | -300.00 | -637.5 | -336.36 | 407.14 | 846.33 | 1612.24 | 32.21 | 13.38 | -18.93 |
| 23Q4 (17) | -1.11 | 0 | 28.85 | 48.65 | 29.46 | 137.32 | -18.96 | -28.46 | 63.11 | -33.55 | -3942.17 | 36.14 | -27.91 | -139650.0 | 34.68 | -2.24 | 0 | 26.32 | -1.31 | -1290.91 | 28.42 | 0.05 | 0.0 | 0.0 | -13.67 | -163.14 | 53.9 | 60.37 | 15.61 | 9.76 | 55.81 | -96.72 | -42.74 | 43.02 | 102.69 | 1606.59 | 28.41 | -16.32 | -9.44 |
| 23Q3 (16) | 0.00 | 100.0 | -100.0 | 37.58 | 21.38 | -11.74 | -14.76 | 73.45 | 29.31 | -0.83 | 98.5 | -101.7 | 0.02 | 100.04 | -99.96 | 0.00 | 100.0 | -100.0 | 0.11 | 105.79 | -94.21 | 0.05 | 25.0 | 25.0 | 21.65 | 174.07 | -70.89 | 52.22 | -4.11 | -13.63 | 1700.00 | 1600.0 | 4026.19 | -1600.00 | 0 | -1216.55 | 33.95 | -13.81 | -12.07 |
| 23Q2 (15) | -1.53 | -920.0 | -118.57 | 30.96 | -37.88 | -38.56 | -55.59 | -201.3 | -156.89 | -55.51 | -281.25 | -135.71 | -50.75 | -843.31 | -160.93 | -3.06 | -920.0 | -117.02 | -1.90 | -2011.11 | -146.75 | 0.04 | 0.0 | 0.0 | -29.23 | -320.44 | -2049.26 | 54.46 | 5.42 | -12.12 | 100.00 | -21.21 | 8.33 | -0.00 | 100.0 | -100.0 | 39.39 | -0.86 | 11.71 |
| 23Q1 (14) | -0.15 | 90.38 | 25.0 | 49.84 | 143.12 | -10.78 | -18.45 | 64.1 | 30.03 | -14.56 | 72.29 | -122.97 | -5.38 | 87.41 | 32.07 | -0.30 | 90.13 | 26.83 | -0.09 | 95.08 | 47.06 | 0.04 | -20.0 | 33.33 | 13.26 | 144.72 | -44.52 | 51.66 | -6.07 | -17.0 | 126.92 | 30.21 | -69.78 | -26.92 | -1167.95 | 91.32 | 39.73 | 26.65 | -10.6 |
| 22Q4 (13) | -1.56 | -206.12 | -147.62 | 20.50 | -51.86 | -61.39 | -51.39 | -146.12 | -28.35 | -52.54 | -207.6 | -91.47 | -42.73 | -194.77 | -109.36 | -3.04 | -204.47 | -139.37 | -1.83 | -196.32 | -181.54 | 0.05 | 25.0 | 25.0 | -29.65 | -139.87 | -1217.78 | 55.00 | -9.03 | -4.28 | 97.48 | 325.13 | -32.73 | 2.52 | -98.24 | 105.61 | 31.37 | -18.75 | -18.29 |
| 22Q3 (12) | 1.47 | 310.0 | 357.89 | 42.58 | -15.5 | 3.48 | -20.88 | 3.51 | -7.96 | 48.83 | 307.35 | 432.4 | 45.09 | 331.83 | 414.0 | 2.91 | 306.38 | 338.52 | 1.90 | 346.75 | 433.33 | 0.04 | 0.0 | -20.0 | 74.37 | 5568.38 | 1455.86 | 60.46 | -2.44 | -22.46 | -43.30 | -146.91 | -132.71 | 143.30 | 1762.89 | 542.92 | 38.61 | 9.5 | 20.24 |
| 22Q2 (11) | -0.70 | -250.0 | -22.81 | 50.39 | -9.79 | -6.98 | -21.64 | 17.94 | 5.63 | -23.55 | -260.64 | -16.76 | -19.45 | -145.58 | -9.33 | -1.41 | -243.9 | -16.53 | -0.77 | -352.94 | -37.5 | 0.04 | 33.33 | 0.0 | -1.36 | -105.69 | -135.79 | 61.97 | -0.43 | -21.65 | 92.31 | -78.02 | -18.68 | 7.69 | 102.48 | 156.92 | 35.26 | -20.66 | -15.38 |
| 22Q1 (10) | -0.20 | 68.25 | 63.64 | 55.86 | 5.2 | 24.66 | -26.37 | 34.14 | -132.33 | -6.53 | 76.2 | 62.47 | -7.92 | 61.2 | 50.41 | -0.41 | 67.72 | 64.66 | -0.17 | 73.85 | 66.0 | 0.03 | -25.0 | -25.0 | 23.90 | 1162.22 | 326.02 | 62.24 | 8.32 | -25.18 | 420.00 | 189.86 | 549.09 | -310.00 | -590.45 | -978.33 | 44.44 | 15.76 | 30.32 |
| 21Q4 (9) | -0.63 | -10.53 | -117.24 | 53.10 | 29.04 | -0.75 | -40.04 | -107.03 | -7514.81 | -27.44 | -86.79 | -681.77 | -20.41 | -42.13 | -210.18 | -1.27 | -4.1 | -108.2 | -0.65 | -14.04 | -242.11 | 0.04 | -20.0 | -20.0 | -2.25 | -147.07 | -115.32 | 57.46 | -26.3 | -38.22 | 144.90 | 9.48 | 1404.08 | -44.90 | -38.78 | -140.41 | 38.39 | 19.56 | 112.92 |
| 21Q3 (8) | -0.57 | 0.0 | -137.5 | 41.15 | -24.04 | -27.08 | -19.34 | 15.66 | -361.58 | -14.69 | 27.17 | -138.47 | -14.36 | 19.28 | -138.54 | -1.22 | -0.83 | -134.62 | -0.57 | -1.79 | -307.14 | 0.05 | 25.0 | 25.0 | 4.78 | 25.79 | -64.14 | 77.97 | -1.42 | -23.28 | 132.35 | 16.6 | 105.88 | -32.35 | -139.41 | -213.24 | 32.11 | -22.94 | -6.3 |
| 21Q2 (7) | -0.57 | -3.64 | -58.33 | 54.17 | 20.89 | 26.95 | -22.93 | -102.03 | -82.13 | -20.17 | -15.92 | -137.29 | -17.79 | -11.4 | -93.37 | -1.21 | -4.31 | -63.51 | -0.56 | -12.0 | -100.0 | 0.04 | 0.0 | 0.0 | 3.80 | -32.26 | -58.74 | 79.09 | -4.93 | -26.84 | 113.51 | 75.43 | -25.63 | -13.51 | -138.29 | 71.47 | 41.67 | 22.2 | 0 |
| 21Q1 (6) | -0.55 | -89.66 | -5600.0 | 44.81 | -16.24 | 0.92 | -11.35 | -2201.85 | -390.28 | -17.40 | -395.73 | 0 | -15.97 | -142.71 | -5051.61 | -1.16 | -90.16 | -2800.0 | -0.50 | -163.16 | -814.29 | 0.04 | -20.0 | -42.86 | 5.61 | -61.81 | -54.5 | 83.19 | -10.56 | 2.25 | 64.71 | 682.35 | 0 | 35.29 | -68.24 | 0 | 34.10 | 89.13 | 0 |
| 20Q4 (5) | -0.29 | -20.83 | -120.71 | 53.50 | -5.19 | 23.27 | 0.54 | 112.89 | -97.07 | -3.51 | 43.02 | -119.35 | -6.58 | -9.3 | -150.69 | -0.61 | -17.31 | -124.21 | -0.19 | -35.71 | -111.95 | 0.05 | 25.0 | -54.55 | 14.69 | 10.2 | -43.57 | 93.01 | -8.48 | 34.21 | -11.11 | -117.28 | -110.91 | 111.11 | 288.89 | 5988.89 | 18.03 | -47.39 | 37.42 |
| 20Q3 (4) | -0.24 | 33.33 | 0.0 | 56.43 | 32.25 | 0.0 | -4.19 | 66.72 | 0.0 | -6.16 | 27.53 | 0.0 | -6.02 | 34.57 | 0.0 | -0.52 | 29.73 | 0.0 | -0.14 | 50.0 | 0.0 | 0.04 | 0.0 | 0.0 | 13.33 | 44.73 | 0.0 | 101.63 | -5.99 | 0.0 | 64.29 | -57.88 | 0.0 | 28.57 | 160.32 | 0.0 | 34.27 | 0 | 0.0 |
| 20Q2 (3) | -0.36 | -3700.0 | 0.0 | 42.67 | -3.9 | 0.0 | -12.59 | -421.99 | 0.0 | -8.50 | 0 | 0.0 | -9.20 | -2867.74 | 0.0 | -0.74 | -1750.0 | 0.0 | -0.28 | -500.0 | 0.0 | 0.04 | -42.86 | 0.0 | 9.21 | -25.3 | 0.0 | 108.10 | 32.87 | 0.0 | 152.63 | 0 | 0.0 | -47.37 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.01 | -99.29 | 0.0 | 44.40 | 2.3 | 0.0 | 3.91 | -78.8 | 0.0 | 0.00 | -100.0 | 0.0 | -0.31 | -102.39 | 0.0 | -0.04 | -101.59 | 0.0 | 0.07 | -95.6 | 0.0 | 0.07 | -36.36 | 0.0 | 12.33 | -52.63 | 0.0 | 81.36 | 17.4 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.40 | 0.0 | 0.0 | 43.40 | 0.0 | 0.0 | 18.44 | 0.0 | 0.0 | 18.14 | 0.0 | 0.0 | 12.98 | 0.0 | 0.0 | 2.52 | 0.0 | 0.0 | 1.59 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 26.03 | 0.0 | 0.0 | 69.30 | 0.0 | 0.0 | 101.89 | 0.0 | 0.0 | -1.89 | 0.0 | 0.0 | 13.12 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | -2.79 | 0 | 41.94 | 1.99 | -26.01 | 0 | 17.03 | -5.55 | -25.77 | 0 | -20.86 | 0 | -5.67 | 0 | -3.16 | 0 | 0.17 | 0.0 | -1.97 | 0 | 60.37 | 9.76 | 100.90 | -65.69 | -0.90 | 0 | 4.02 | 1.03 | 34.75 | -5.6 |
| 2022 (9) | -0.99 | 0 | 41.12 | -13.97 | -30.76 | 0 | 18.03 | 21.47 | -10.45 | 0 | -7.76 | 0 | -2.00 | 0 | -0.89 | 0 | 0.17 | 6.25 | 14.43 | 355.21 | 55.00 | -4.28 | 294.05 | 151.57 | -194.05 | 0 | 3.98 | 14.48 | 36.81 | 1.54 |
| 2021 (8) | -2.31 | 0 | 47.80 | 1.12 | -22.87 | 0 | 14.85 | 38.45 | -19.52 | 0 | -16.92 | 0 | -4.69 | 0 | -2.26 | 0 | 0.16 | -23.81 | 3.17 | -74.48 | 57.46 | -38.22 | 116.88 | 113.44 | -16.88 | 0 | 3.48 | -3.42 | 36.25 | 48.14 |
| 2020 (7) | -0.88 | 0 | 47.27 | -0.23 | -2.12 | 0 | 10.72 | 100.96 | -3.94 | 0 | -4.87 | 0 | -1.82 | 0 | -0.55 | 0 | 0.21 | -52.27 | 12.42 | -59.5 | 93.01 | 34.21 | 54.76 | -38.6 | 45.24 | 318.67 | 3.60 | -20.13 | 24.47 | 63.57 |
| 2019 (6) | 6.57 | 35.74 | 47.38 | 7.56 | 20.23 | 14.42 | 5.34 | 58.83 | 22.68 | 15.66 | 18.45 | 16.92 | 12.92 | 42.6 | 8.60 | 23.92 | 0.44 | 2.33 | 30.67 | 17.87 | 69.30 | 52.64 | 89.19 | -1.27 | 10.81 | 8.39 | 4.51 | 13.75 | 14.96 | -2.67 |
| 2018 (5) | 4.84 | -19.33 | 44.05 | -8.02 | 17.68 | -21.42 | 3.36 | 8.23 | 19.61 | -9.34 | 15.78 | -11.89 | 9.06 | -8.94 | 6.94 | -15.06 | 0.43 | -4.44 | 26.02 | -5.31 | 45.40 | 90.36 | 90.34 | -13.1 | 9.97 | 0 | 3.96 | 0 | 15.37 | -0.9 |
| 2017 (4) | 6.00 | 160.87 | 47.89 | -5.11 | 22.50 | 82.78 | 3.10 | -26.0 | 21.63 | 47.14 | 17.91 | 48.75 | 9.95 | 140.92 | 8.17 | 138.19 | 0.45 | 66.67 | 27.48 | 19.37 | 23.85 | -1.89 | 103.96 | 23.99 | -3.96 | 0 | 0.00 | 0 | 15.51 | -35.54 |
| 2016 (3) | 2.30 | -10.51 | 50.47 | 6.61 | 12.31 | -33.42 | 4.20 | 64.3 | 14.70 | -31.88 | 12.04 | -29.09 | 4.13 | -39.26 | 3.43 | -34.91 | 0.27 | -12.9 | 23.02 | -7.77 | 24.31 | -7.43 | 83.85 | -1.96 | 16.15 | 11.61 | 0.00 | 0 | 24.06 | 4.25 |
| 2015 (2) | 2.57 | -62.37 | 47.34 | -8.02 | 18.49 | -33.68 | 2.55 | 32.45 | 21.58 | -33.64 | 16.98 | -37.25 | 6.80 | -77.36 | 5.27 | -72.1 | 0.31 | -55.07 | 24.96 | -29.05 | 26.26 | -30.58 | 85.53 | -0.03 | 14.47 | 2.84 | 0.00 | 0 | 23.08 | 63.8 |
| 2014 (1) | 6.83 | 0 | 51.47 | 0 | 27.88 | 0 | 1.93 | -50.47 | 32.52 | 0 | 27.06 | 0 | 30.03 | 0 | 18.89 | 0 | 0.69 | 60.47 | 35.18 | 369.69 | 37.83 | -66.07 | 85.56 | 113.89 | 14.07 | -76.54 | 0.00 | 0 | 14.09 | -35.69 |
